Interested parties were invited to make submissions on exposure drafts of the Australian National Registry of Emissions Units Amendment Regulation 2013 (No. A), Clean Energy Amendment Regulation 2013 (No. B) and Carbon Credits (Carbon Farming Initiative) Amendment Regulation 2013 (No. A).
The Department of Climate Change and Energy Efficiency and the European Commission have also produced a consultation paper to outline the design of proposed registry arrangements for linking Australia’s Carbon Pricing Mechanism with the European Union’s Emissions Trading System (EU ETS). The draft regulation amendments will facilitate these proposed registry arrangements.
The department has prepared an explanatory table to assist stakeholders in reviewing the draft regulations and consultation paper.
Interested parties are invited to make submissions on the exposure draft regulations and consultation paper by close of business on 28 March 2013. General submissions relating to the operation of the proposed registry arrangements received after 28 March 2013 may be considered at the discretion of the department and the European Commission.
The draft amendments will facilitate an indirect link between Australia’s Carbon Pricing Mechanism and the EU ETS to be established by 1 July 2015 to enable trade between the Union Registry and the Australian Registry in the interim linking period. The draft amendments provide for the Australian Government to issue Australian-issued international units (AIIU) in the Australian Registry to shadow units held in an Australian Government account in the Union Registry.
In exposing these draft regulation amendments and discussion paper, the department sought views on:
whether the proposed amendments are consistent with the principles for linking registries set out in the consultation paper
any unintended risks created by the regulation amendments
the practical operation and application of the draft amendments.
This exposure draft process will inform the finalisation of the regulations, which are expected to be made in mid-2013.
Making a submission
Submissions on the exposure draft regulations and consultation paper were invited from all European and Australian stakeholders.
Comments were asked to be provided on policy issues relevant to linking the European Union Registry and the Australian National Registry of Emissions Units.
Where possible, submissions should be lodged electronically in a text-based format (such as PDF, DOC) via Clean Energy Regulations. Submissions on the consultation paper should also be copied to firstname.lastname@example.org.
Submissions alternatively could be sent to the postal address below to arrive by the due date.
Submissions were not treated as confidential unless this was specifically requested, and may be made publically available. If a submission (or extracts of a submission) is to be kept confidential, please indicate this in the submission.
The department will share all submissions with the European Commission Directorate General for Climate Action. The submissions will be shared with the European Commission regardless of any confidentiality requests.
Australia – EU Registry Linking
Carbon Pricing and Markets Division
Department of Climate Change and Energy Efficiency
GPO Box 854
Canberra ACT 2601